Starting Real Estate Investing for Young Adults With Travis and Sebastian Winfield

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[casey_]: hey there and welcome to today's episode
of cash flow pro your daily real estate

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[casey_]: investing podcast and youtube channel we are
doing a two for today we've got two

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[casey_]: for one got two partners that just
so happened to be father and son travis

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[casey_]: and sebastian winfield and i usually announced
the company that at that they're with but

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[casey_]: but honestly travis got so many things
going on

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[travis_winfield]: yeah

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[casey_]: that i'm going to let him tell
you all the

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[travis_winfield]: yes

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[casey_]: stuff that he's got to tell you
the names of his companies and then we're

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[casey_]: going to kind of dive in so
travis take it away

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[travis_winfield]: i love it man

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[casey_]: oh

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[travis_winfield]: well thanks so much man after twenty
four years in the navy i just got

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[travis_winfield]: bit by the entreprnur bug and so
i've been all over the place but i

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[travis_winfield]: first got into our main company is
the winfolgrup real estate team my son is

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[travis_winfield]: my business partner in team lead for

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[casey_]: m

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[travis_winfield]: that

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[casey_]: my

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[travis_winfield]: then i have an lanmorbruin company which
is the military theme bruer up here in

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[travis_winfield]: murieta california and so ca and then
with the realistate company where also i'm also

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[travis_winfield]: one of the owners of the nation
first military focus for estate brokerage called century

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[travis_winfield]: residential eel were in like twenty six
states now and then last week at least

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[travis_winfield]: i got t do a plug for
my non profit that i'm on is called

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[travis_winfield]: the enlisted leadership foundation and we specific

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[casey_]: yes

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[travis_winfield]: we teach leadership financial health or active
military and teach them between having military leaders

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[travis_winfield]: teaching them and civilian ceos teaching are
active dude to military because they get the

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[travis_winfield]: poor to their to employees so it's
a lot of fun thanks for having his

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[travis_winfield]: case

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[casey_]: absolutely

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[travis_winfield]: yeah

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[casey_]: man we're glad to have you and
we're always glad to have it where we

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[casey_]: can have a discussion based kind of
discussion just because you know it kind of

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[casey_]: leads to some different angles so sebastian
how are you today

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[sebastian_winfield]: i'm doing great case i appreciate having
us on so like like travis said

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[casey_]: absolutely

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[sebastian_winfield]: i joined i joined his real estate
team about almost like over three and half

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[sebastian_winfield]: years ago now i can't believe how
time has flown quickly but i transitioned i

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[sebastian_winfield]: was a big goal for growing up
played collegiately and then decided i wanted to

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[sebastian_winfield]: shift completely into a different direction and
ended up joining him with the real estate

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[sebastian_winfield]: the real they didn't think that was
what i was going to settle in doing

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[sebastian_winfield]: whatsoever

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[casey_]: m

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[sebastian_winfield]: but as

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[casey_]: yeah

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[sebastian_winfield]: soon as i got light and started
getting into it i absolutely fell in love

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[sebastian_winfield]: with that the rest of the history
and now we're here we've grown pretty quickly

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[sebastian_winfield]: in the last two years obviously the
real estate market went up gang busters through

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[sebastian_winfield]: covid and everything so we scaled pretty
quickly with our local team and then on

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[sebastian_winfield]: top of that i sent you residential
our brokerage which was scaled pretty quickly over

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[sebastian_winfield]: the last couple years as well

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[casey_]: so you all yeah so so

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[sebastian_winfield]: yes

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[casey_]: now geographically speaking where travis are you
all are you all close geographically or do

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[casey_]: you pretty well work remote together

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[travis_winfield]: no no we actually are he we
actually cover we we live on the same

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[travis_winfield]: piece of property if you will and
the fall brook kind of nestled in between

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[travis_winfield]: riverside county and san diego county and
we cover basically all of southern california from

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[travis_winfield]: san diego all the way to moreno
valley basically take the fifteen corridor and we

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[travis_winfield]: covered pretty much the whole fifteen corridor

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[casey_]: wow

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[sebastian_winfield]: hm

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[casey_]: so um there's there's an adage in
the real estate business that that i run

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[casey_]: into a lot of people because every
so often i don't know about every maybe

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[casey_]: ree or four weeks we'll have somebody
on here from california and it's always there's

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[casey_]: always this thought that you either invest
in california or and you manage and do

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[casey_]: real estate in california or you do
it everywhere but you do not do both

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[casey_]: um is that is that the way
that you all kind of operate and obviously

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[casey_]: you said you're covering that whole that
is at fifteen right

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[travis_winfield]: correct

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[casey_]: m down to san diego and all
of that whole southern california area so do

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[casey_]: you all do both but are you
the first people to do both or do

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[casey_]: you do one or the other

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[sebastian_winfield]: yeah

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[travis_winfield]: well

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[sebastian_winfield]: so i mean i'll

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[travis_winfield]: me personally

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[sebastian_winfield]: jump in on this

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[travis_winfield]: yeah yeah

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[sebastian_winfield]: i'll jump in on this yeah like
i mean our endeavors are to expand so

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[sebastian_winfield]: the way our brokerage works that we're
a nation white company we're not franchises like

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[sebastian_winfield]: killer williams or anything like that so
we're they expand our team outside into different

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[sebastian_winfield]: states without having to do the franchise
model and everything so which is pretty cool

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[sebastian_winfield]: so but right

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[travis_winfield]: oh

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[sebastian_winfield]: now we're still building out our company
everything our local the winfield group down in

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[sebastian_winfield]: southern california an that eventually we'll have
the opportunity to be able to expand outside

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[sebastian_winfield]: of it

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[travis_winfield]: yeah

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[sebastian_winfield]: one that we've been looking to do
probably here in the next couple of years

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[travis_winfield]: and to touch on the investment side
of the house it's also we've

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[casey_]: oh

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[travis_winfield]: been playing kind of both i've been
watching the market of course so i've had

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[travis_winfield]: some properties and stuff and i've actually
recently liquidated all my properties in california

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[casey_]: oh

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[travis_winfield]: exactly kind of what you just touched
on and i'll be looking to deploy a

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[travis_winfield]: lot of my capital outside of california
but having a real estate company in california

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[travis_winfield]: obviously works really well because the percentage
based business based on it real estate market

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[travis_winfield]: so

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[casey_]: sure

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[travis_winfield]: so we'll look to expand sebastian at
age twenty two he's already invested he's already

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[travis_winfield]: bought his first condo and renting it
out and cash flowing that already so he's

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[travis_winfield]: learning way early er than i ever
did and so it's pretty cool to watch

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[travis_winfield]: too fast i'm the old guy learning
new tricks and he's the young guy picking

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[travis_winfield]: up everything as he goes

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[casey_]: when i graduated college i did that
i was in the little bit the same

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[casey_]: boat as sebastian now i was i
was

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[sebastian_winfield]: m

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[casey_]: moving towards the single family thing and
then this this little life event called divorce

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[casey_]: happened

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[travis_winfield]: yes

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[casey_]: and which my listeners have heard me
talk about it before it's not fun nothing

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[casey_]: about it's good there's nothing good really
that comes from it other than unless you're

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[casey_]: the attorney is involved

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[travis_winfield]: yeah

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[casey_]: but so you know those those little
life hiccups aren't fun but i think that

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[casey_]: there's there's a i keep hearing is
it email or

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[travis_winfield]: that might be i'm

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[casey_]: you

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[travis_winfield]: gonna

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[casey_]: can

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[travis_winfield]: turn

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[casey_]: have

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[travis_winfield]: this

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[casey_]: him edit

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[travis_winfield]: off yeah

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[casey_]: okay all right

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[travis_winfield]: oh

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[casey_]: so when

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[travis_winfield]: yeah

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[casey_]: being young i feel like we have
a we have a pretty young listener by

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[casey_]: so if your listener out there just
just mindful that i just called you young

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[casey_]: okay so keep that in mind

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[travis_winfield]: m

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[casey_]: over there

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[sebastian_winfield]: m

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[casey_]: but

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[travis_winfield]: m

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[casey_]: what

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[sebastian_winfield]: yeah

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[casey_]: was what were some of the challenges
that you faced and getting started in the

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[casey_]: investment part of things sebastian

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[sebastian_winfield]: um so i mean being young and
every starting getting into real estate like nineteen

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[sebastian_winfield]: years old when i did obviously financing
is kind of the toughest thing to kind

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[sebastian_winfield]: of get your hands on

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[casey_]: yeah

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[sebastian_winfield]: but there's some i was lucky enough
to have some pretty good cool loan products

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[sebastian_winfield]: at my disposal i actually used maybe
federal has a great loan loan product out

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[sebastian_winfield]: there it's a zero money down conventional
loan with no p m i so hundred

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[sebastian_winfield]: percent financing so i was able to
get my foot in the door only caveat

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[sebastian_winfield]: is obviously you're to pay much higher
rate than usual but that was at least

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[sebastian_winfield]: i was able to get my foot
in the door with that and and then

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[sebastian_winfield]: i eventually refine and a few months
later so and i'm looking doing the same

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[casey_]: yeah

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[sebastian_winfield]: thing using that same product to be
a kind of know get my foot

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[casey_]: yeah

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[sebastian_winfield]: in the door and some properties and
then be able to re finance from there

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[sebastian_winfield]: so

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[casey_]: yeah i'm still hearing that i'm still
hearing the like a email

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[travis_winfield]: that's

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[casey_]: is coming

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[travis_winfield]: not

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[casey_]: in

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[travis_winfield]: that's not

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[casey_]: my

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[sebastian_winfield]: yer

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[travis_winfield]: me so

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[sebastian_winfield]: it might be me hold on one
second

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[casey_]: oh

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[sebastian_winfield]: she

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[sebastian_winfield]: oh

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[casey_]: yeah

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[sebastian_winfield]: ah

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[travis_winfield]: just close everything out so um he'll
work on that man but yeah i think

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[travis_winfield]: a lot of it is he has
to do with just the paying attention you

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[travis_winfield]: leveraging the ass that you have because
we know a sure didn't come up with

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[travis_winfield]: anything

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[casey_]: sure

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[travis_winfield]: one of the one of the biggest
channel that he got a lot of people

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[travis_winfield]: run into when it comes to investing
is just the scariness of the not knowing

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[travis_winfield]: what you don't know

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[casey_]: that's right and and i think everybody
looks at so there's like there's it's almost

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[casey_]: the chicken in the egg theory you
either have money in a deal

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[travis_winfield]: yeah

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[casey_]: or you have money no deal or
you ave a deal and no money and

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[casey_]: so you're

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[travis_winfield]: hm

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[casey_]: trying to figure out your way through
it but i want to go back real

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[casey_]: quick and touch on what sebastian was
talking about the navy federal program now sebastian

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[casey_]: were you are you past military

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[sebastian_winfield]: i'm

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[casey_]: as

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[sebastian_winfield]: not

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[casey_]: well

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[sebastian_winfield]: but you

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[travis_winfield]: m

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[sebastian_winfield]: as long

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[casey_]: so

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[sebastian_winfield]: as long as you have

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[casey_]: you get

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[sebastian_winfield]: some

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[casey_]: to

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[sebastian_winfield]: sort

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[casey_]: use that

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[sebastian_winfield]: of

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[casey_]: because

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[sebastian_winfield]: direct page yeah so as long a
you have a direct affiliation like father brother

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[sebastian_winfield]: sister you know grandfather even as long
as you can get their your hands on

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[sebastian_winfield]: there like d d two fourteen you
can become a main member of navy federal

211
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[sebastian_winfield]: so you just have some sort of
connection to the military and some way she

212
00:08:47,574 --> 00:08:51,381
[sebastian_winfield]: perform and then it's easy just open
up a bank account put a few bucks

213
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[sebastian_winfield]: in there and then you're able to
use all their loan products that they have

214
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[sebastian_winfield]: at your disposal so

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[casey_]: and that's

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[sebastian_winfield]: there's

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[casey_]: great

218
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[sebastian_winfield]: there's quite a few different ones

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[casey_]: just just to clarify there's nothing there's
nothing va about that that's simply just

220
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[sebastian_winfield]: yep

221
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[casey_]: just a a lineage kind

222
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[sebastian_winfield]: yep

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[casey_]: of

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[travis_winfield]: considered a portfolio one case so they
basically look at you know your assets and

225
00:09:12,034 --> 00:09:14,658
[travis_winfield]: stuff that you currently have when you
open the account and they may

226
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[casey_]: a

227
00:09:14,758 --> 00:09:17,663
[travis_winfield]: ask questions and stuff and have you
prove it if you don't have it in

228
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[travis_winfield]: there counts but i

229
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[sebastian_winfield]: hm

230
00:09:19,265 --> 00:09:22,390
[travis_winfield]: know it's a portfolio alone and they're
one of the only i think they're the

231
00:09:22,450 --> 00:09:23,872
[travis_winfield]: only institution but offer something

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[casey_]: well

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[travis_winfield]: similar

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[casey_]: i find

235
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[travis_winfield]: to

236
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[casey_]: that

237
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[travis_winfield]: that

238
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[casey_]: interesting how they're how they're using that
to feed their funnel later on in life

239
00:09:28,854 --> 00:09:35,264
[casey_]: because obviously if you're direct because i
feel like a lot of military breeds milita

240
00:09:35,545 --> 00:09:36,346
[casey_]: if you will because

241
00:09:36,277 --> 00:09:36,804
[travis_winfield]: hm

242
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[casey_]: because you know i mean a lot
of people watch their dads grow up and

243
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[casey_]: why they're growing up and they just
that they're just like that's all they know

244
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[casey_]: is these systems and this boom boom
boom boom and that that obviously genetics carries

245
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[casey_]: across there i don't know why i
feel like sometimes i was i'm military because

246
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[casey_]: i

247
00:09:53,904 --> 00:09:54,624
[travis_winfield]: yeah

248
00:09:53,956 --> 00:09:57,321
[casey_]: know my kids do i know my
kids think i'm military because because of the

249
00:09:57,341 --> 00:10:00,226
[casey_]: way i drive things and make things
in a system i was just telling the

250
00:10:00,266 --> 00:10:05,134
[casey_]: guy that was on here before that
that this this my guests on this show

251
00:10:05,274 --> 00:10:12,386
[casey_]: and the hundreds that we've had um
have there's a huge percentage of military a

252
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[casey_]: huge

253
00:10:12,474 --> 00:10:13,404
[travis_winfield]: yeah

254
00:10:12,687 --> 00:10:17,335
[casey_]: percentage of past military all of the
active duty passive income guys i've had two

255
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[casey_]: or three of them on the show
and i know

256
00:10:18,660 --> 00:10:18,680
[sebastian_winfield]: m

257
00:10:18,757 --> 00:10:19,859
[casey_]: allan talked to all of them

258
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[travis_winfield]: hm

259
00:10:20,981 --> 00:10:27,271
[casey_]: and it's very interesting to me these
how similar i guess i feel like some

260
00:10:27,291 --> 00:10:30,777
[casey_]: of these systems that we use in
the real estate world are to what you

261
00:10:30,857 --> 00:10:33,081
[casey_]: do in the military there have to
be there has to be some

262
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[travis_winfield]: yeah

263
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[casey_]: some draw to it i

264
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[travis_winfield]: m

265
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[casey_]: know that was the draw to me
because you just you systemize things i get

266
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[casey_]: ill when things get out of that
system and things you can't control and i'm

267
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[casey_]: like you know my my uncle used
to throw his hat on the ground when

268
00:10:46,323 --> 00:10:50,530
[casey_]: i was a kid when he get
and now i understand right i see and

269
00:10:50,570 --> 00:10:57,441
[casey_]: understand exactly why the hat throwing was
happening so tell us travis specifically from you

270
00:10:58,143 --> 00:11:00,827
[casey_]: what was the draw to real estate
is i know you said you got bit

271
00:11:00,887 --> 00:11:02,971
[casey_]: by the entrepreneurial bug but what was

272
00:11:02,967 --> 00:11:03,534
[travis_winfield]: hm

273
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[casey_]: specifically

274
00:11:03,654 --> 00:11:04,314
[travis_winfield]: yeah

275
00:11:03,812 --> 00:11:07,498
[casey_]: the draw to say hey not only
because you ould ave ben entrepred or anything

276
00:11:07,518 --> 00:11:09,842
[casey_]: you could have opened an ice cream
shop which you got a burr or you

277
00:11:09,922 --> 00:11:10,082
[casey_]: gotta

278
00:11:10,293 --> 00:11:10,314
[travis_winfield]: m

279
00:11:11,345 --> 00:11:14,092
[casey_]: you know some kind of service like
that but what what was the draw

280
00:11:15,244 --> 00:11:18,590
[travis_winfield]: well for me it was it was
you know buying my first home in california

281
00:11:18,670 --> 00:11:21,194
[travis_winfield]: and my realtor at the time was
on active duty and

282
00:11:21,090 --> 00:11:21,110
[sebastian_winfield]: m

283
00:11:21,374 --> 00:11:25,221
[travis_winfield]: you know something about having somebody who
understood the nuance of being overseas because i

284
00:11:25,261 --> 00:11:28,114
[travis_winfield]: bought my first home in california from
it and

285
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[casey_]: oh

286
00:11:28,535 --> 00:11:28,655
[travis_winfield]: so

287
00:11:28,577 --> 00:11:29,361
[casey_]: wow okay

288
00:11:29,376 --> 00:11:33,343
[travis_winfield]: yeah so that took a lot of
trust and stuff like that and so coming

289
00:11:33,403 --> 00:11:36,348
[travis_winfield]: back here he said you know you
actually really should get into this you have

290
00:11:36,368 --> 00:11:40,034
[travis_winfield]: the right mentality for it and i
got let me think about that sure enough

291
00:11:40,135 --> 00:11:44,041
[travis_winfield]: i just i was drawn to first
just about the fact that hey look i

292
00:11:44,141 --> 00:11:49,470
[travis_winfield]: can't help everybody but maybe if i
could show people especially our military members the

293
00:11:49,831 --> 00:11:55,260
[travis_winfield]: value of home ownership and how that
just something as simple as buying as your

294
00:11:55,300 --> 00:12:00,388
[travis_winfield]: primate residence is a stepping stone to
creating that passive income and i know that

295
00:12:00,589 --> 00:12:04,495
[travis_winfield]: you know your primary resin doesn't necesarily
create that passive income but does allow you

296
00:12:04,615 --> 00:12:06,058
[travis_winfield]: to at least take a portion

297
00:12:05,866 --> 00:12:06,028
[casey_]: yeah

298
00:12:06,098 --> 00:12:08,582
[travis_winfield]: of the money you're spending on something
you have to do anyways like living in

299
00:12:08,622 --> 00:12:11,667
[travis_winfield]: a home you have to live there
right so why not at least have the

300
00:12:11,727 --> 00:12:16,175
[travis_winfield]: money going towards something that's going to
create equity and have an appreciating ass versus

301
00:12:16,335 --> 00:12:21,143
[travis_winfield]: a deeppreciatin asset it just took me
i guess my biggest draw was is that

302
00:12:21,764 --> 00:12:26,412
[travis_winfield]: i've just found a lot of pride
and and being a lot of rewarding be

303
00:12:26,452 --> 00:12:29,228
[travis_winfield]: able to hand keys over two military
member and

304
00:12:29,040 --> 00:12:29,244
[sebastian_winfield]: oh

305
00:12:30,064 --> 00:12:31,925
[travis_winfield]: showing them the next steps

306
00:12:32,525 --> 00:12:32,686
[casey_]: ye

307
00:12:32,546 --> 00:12:33,887
[travis_winfield]: and man since i've retired

308
00:12:33,713 --> 00:12:33,854
[casey_]: yes

309
00:12:33,907 --> 00:12:37,390
[travis_winfield]: i feel like i've been drinking through
a fire hose on learning everything about financing

310
00:12:37,430 --> 00:12:40,633
[travis_winfield]: and everything else because i'm goin t
tell you one thing that i'm pretty passionate

311
00:12:40,673 --> 00:12:40,873
[travis_winfield]: about

312
00:12:40,815 --> 00:12:44,661
[casey_]: i love that during ing through a
fire hose man was like i feel like

313
00:12:44,701 --> 00:12:46,204
[casey_]: that every damn day i'm like

314
00:12:46,638 --> 00:12:46,759
[travis_winfield]: kid

315
00:12:46,664 --> 00:12:46,945
[casey_]: it's just

316
00:12:46,861 --> 00:12:47,225
[travis_winfield]: it man

317
00:12:47,085 --> 00:12:51,192
[casey_]: there's all the information out there you
just keep like gosh

318
00:12:51,154 --> 00:12:51,417
[travis_winfield]: i know

319
00:12:51,292 --> 00:12:52,735
[casey_]: bang slow down m

320
00:12:52,974 --> 00:12:56,900
[travis_winfield]: so one of the things i'm passionate
about now is teaching financial health literally on

321
00:12:56,940 --> 00:13:01,368
[travis_winfield]: my computer screen right now i'm finalizing
a power point where i'm gonna start teaching

322
00:13:01,428 --> 00:13:06,255
[travis_winfield]: in person the pillars of financial health
for him military members and

323
00:13:06,186 --> 00:13:06,411
[casey_]: sure

324
00:13:06,516 --> 00:13:09,600
[travis_winfield]: you know because the military does a
lot of amazing things but one thing they're

325
00:13:09,515 --> 00:13:09,741
[casey_]: yes

326
00:13:09,680 --> 00:13:12,255
[travis_winfield]: not great at is teaching financial health
and

327
00:13:12,195 --> 00:13:12,336
[casey_]: your

328
00:13:12,396 --> 00:13:12,516
[travis_winfield]: so

329
00:13:12,698 --> 00:13:12,940
[casey_]: man

330
00:13:13,038 --> 00:13:13,239
[travis_winfield]: real

331
00:13:13,041 --> 00:13:13,545
[casey_]: you couldn't

332
00:13:13,581 --> 00:13:13,762
[travis_winfield]: just

333
00:13:13,605 --> 00:13:13,706
[casey_]: be

334
00:13:13,982 --> 00:13:15,690
[travis_winfield]: one small piece of that by the
way

335
00:13:16,365 --> 00:13:20,986
[casey_]: you could not be more right and

336
00:13:21,024 --> 00:13:21,104
[travis_winfield]: by

337
00:13:21,047 --> 00:13:21,209
[casey_]: i'll

338
00:13:21,164 --> 00:13:21,244
[travis_winfield]: the

339
00:13:21,270 --> 00:13:21,453
[casey_]: tell

340
00:13:21,304 --> 00:13:21,505
[travis_winfield]: way i

341
00:13:21,534 --> 00:13:21,656
[casey_]: you

342
00:13:21,565 --> 00:13:26,013
[travis_winfield]: can go even further to our youth
by the way little statistic that i researched

343
00:13:26,193 --> 00:13:30,060
[travis_winfield]: is only seven states in the united
states teach any sort of financial health in

344
00:13:30,160 --> 00:13:32,373
[travis_winfield]: high school or public school system only
seven

345
00:13:33,996 --> 00:13:38,043
[casey_]: and that's sad because you know that's
what people need the most of and i'll

346
00:13:38,004 --> 00:13:38,994
[travis_winfield]: mhm

347
00:13:38,063 --> 00:13:42,711
[casey_]: tell you we live we're about ten
minutes drive before campbell right

348
00:13:43,179 --> 00:13:43,322
[travis_winfield]: as

349
00:13:43,772 --> 00:13:49,241
[casey_]: and it's it's somewhat known as a
beginning military or was known as kind of

350
00:13:49,281 --> 00:13:51,866
[casey_]: a beginner military base people that just
enlist

351
00:13:52,470 --> 00:13:52,490
[sebastian_winfield]: m

352
00:13:52,507 --> 00:13:57,255
[casey_]: they tend to fort campbell is almost
like their first stop along the way i

353
00:13:57,335 --> 00:14:02,724
[casey_]: guess if you will but it's also
matched with the you know they fly a

354
00:14:02,764 --> 00:14:05,208
[casey_]: lot of black hawk helicopters out of
here and

355
00:14:05,151 --> 00:14:05,724
[travis_winfield]: hm

356
00:14:05,288 --> 00:14:07,592
[casey_]: so we've got basically both ends we've
got the

357
00:14:07,554 --> 00:14:07,574
[travis_winfield]: m

358
00:14:07,652 --> 00:14:12,180
[casey_]: high in spectrum of the massive income
guys that are you know get two hundred

359
00:14:12,240 --> 00:14:15,746
[casey_]: thousand dollars for making extra deployment or
whatever and then you've got

360
00:14:15,687 --> 00:14:15,707
[travis_winfield]: h

361
00:14:15,786 --> 00:14:19,452
[casey_]: the guys who are making like twelve
bucks an hour right you've got the two

362
00:14:20,273 --> 00:14:25,281
[casey_]: and lot of times and i actually
my real estate business have been known to

363
00:14:25,502 --> 00:14:31,211
[casey_]: like like i'm in real estate sales
right and i have been known to it's

364
00:14:31,291 --> 00:14:34,718
[casey_]: only probably it probably happened a half
a dozen times my fifteen year career to

365
00:14:34,938 --> 00:14:41,833
[casey_]: actually advise somebody that is like nineteen
years old sitting at my desk say dude

366
00:14:42,675 --> 00:14:46,962
[casey_]: home ownership is not for you it's
not in the cards right now now i'm

367
00:14:47,022 --> 00:14:50,008
[casey_]: not saying that it's not wise for
you to think about that in the future

368
00:14:50,488 --> 00:14:57,109
[casey_]: but you're going to be here two
years max right you've got everybody's like oh

369
00:14:57,149 --> 00:14:59,373
[casey_]: the v a loan the v a
lone the valan the v a loan is

370
00:14:59,433 --> 00:15:04,642
[casey_]: good so if you're going to if
you're going a have some some type of

371
00:15:04,762 --> 00:15:09,710
[casey_]: management to it as you go through
your military career right you can

372
00:15:09,627 --> 00:15:09,748
[travis_winfield]: as

373
00:15:09,830 --> 00:15:12,795
[casey_]: use it in different places you can
use it for multi fan like you can

374
00:15:12,895 --> 00:15:16,021
[casey_]: use it for a lot of things
but what these guys do is they come

375
00:15:16,081 --> 00:15:18,685
[casey_]: in they buy this house and then
they try to sell this house and all

376
00:15:18,765 --> 00:15:22,852
[casey_]: a sudden the're underwater because they didn't
realize there's a funding fee that's added on

377
00:15:22,972 --> 00:15:28,501
[casey_]: top of the loan or the loan
value or the loan amount right and so

378
00:15:29,543 --> 00:15:33,329
[casey_]: people come in here and sit down
at my desk and i'm like listen man

379
00:15:33,474 --> 00:15:33,494
[travis_winfield]: m

380
00:15:33,670 --> 00:15:39,809
[casey_]: there's no way i can't consciously advise
you to buy a house it's just not

381
00:15:40,210 --> 00:15:47,247
[casey_]: i just can't do it and so
without being said i love i'm just going

382
00:15:47,368 --> 00:15:51,635
[casey_]: on about the fact that i love
what you're doing with

383
00:15:51,499 --> 00:15:52,134
[travis_winfield]: hm

384
00:15:52,096 --> 00:15:58,166
[casey_]: that education piece because there's so many
people falling through the cracks on that that

385
00:15:58,226 --> 00:16:03,474
[casey_]: i feel like the military is such
a career and its there's so much potential

386
00:16:03,575 --> 00:16:08,122
[casey_]: there that if people just had a
little bit o education when they start they

387
00:16:08,162 --> 00:16:10,511
[casey_]: could be so far ahead when they
got done

388
00:16:11,265 --> 00:16:11,686
[travis_winfield]: well i mean

389
00:16:11,827 --> 00:16:12,360
[sebastian_winfield]: hm

390
00:16:12,046 --> 00:16:14,911
[travis_winfield]: i go i'll argue the fact that
this is why i tell people all the

391
00:16:14,951 --> 00:16:18,637
[travis_winfield]: time this is where we're terrible rilters
because like you i will literally talk people

392
00:16:18,818 --> 00:16:22,103
[travis_winfield]: out of me making money if it
doesn't make sense for them

393
00:16:22,246 --> 00:16:22,388
[casey_]: one

394
00:16:22,304 --> 00:16:22,524
[travis_winfield]: always

395
00:16:22,490 --> 00:16:22,977
[casey_]: percent

396
00:16:22,544 --> 00:16:25,872
[travis_winfield]: had a very simple concept if you
chase the money you're never going to catch

397
00:16:25,952 --> 00:16:29,020
[travis_winfield]: it but if you're truly right by
putting people first the money will follow so

398
00:16:29,060 --> 00:16:33,208
[travis_winfield]: that being said is when when i'm
talking to a military family member if i

399
00:16:33,288 --> 00:16:36,253
[travis_winfield]: got hold of that a nineteen year
old and they were financially set to do

400
00:16:36,333 --> 00:16:40,360
[travis_winfield]: it i will never talk have a
have a veteran by purchase home that's going

401
00:16:40,400 --> 00:16:43,966
[travis_winfield]: to put many kind of financial instability
but if they are because there are some

402
00:16:44,006 --> 00:16:48,293
[travis_winfield]: young people that are financially stable and
you're right if they're not then i'll say

403
00:16:48,413 --> 00:16:52,120
[travis_winfield]: now it's not the time but remember
it's a marathon not the sprint so we'll

404
00:16:52,160 --> 00:16:54,924
[travis_winfield]: get you there but the thing is
what i try to convince as when you

405
00:16:54,984 --> 00:16:58,210
[travis_winfield]: buy don't buy the thing you're gonna
sell in three years i want you to

406
00:16:58,270 --> 00:17:02,296
[travis_winfield]: buy and hold in every duty station
you buy and hold because then

407
00:17:02,245 --> 00:17:03,035
[casey_]: yeah

408
00:17:02,337 --> 00:17:05,582
[travis_winfield]: you can re finance it free up
your v a loan and then when you

409
00:17:05,682 --> 00:17:08,855
[travis_winfield]: get out that i think once you
get out you get any sort of disability

410
00:17:08,875 --> 00:17:09,920
[travis_winfield]: you'll ever pay that again

411
00:17:10,806 --> 00:17:10,988
[casey_]: right

412
00:17:11,824 --> 00:17:12,204
[travis_winfield]: so there's

413
00:17:12,016 --> 00:17:12,117
[casey_]: right

414
00:17:12,245 --> 00:17:12,605
[travis_winfield]: a lot

415
00:17:12,419 --> 00:17:12,681
[casey_]: and that's

416
00:17:12,686 --> 00:17:12,746
[travis_winfield]: of

417
00:17:12,721 --> 00:17:13,506
[casey_]: what i'm saying you

418
00:17:13,548 --> 00:17:13,868
[travis_winfield]: labat

419
00:17:13,567 --> 00:17:14,090
[casey_]: have to have

420
00:17:14,349 --> 00:17:15,532
[travis_winfield]: amazing things you can do with it

421
00:17:16,245 --> 00:17:18,288
[casey_]: you have to have some strategy to
it and that's what

422
00:17:18,324 --> 00:17:18,344
[travis_winfield]: m

423
00:17:18,348 --> 00:17:24,438
[casey_]: i said i mean it's it's the
tool there is an unbelievable benefit if used

424
00:17:24,558 --> 00:17:25,039
[casey_]: correctly

425
00:17:25,364 --> 00:17:25,747
[travis_winfield]: correct

426
00:17:25,841 --> 00:17:30,649
[casey_]: but i just man and you know
what a and and a lot of people

427
00:17:30,689 --> 00:17:34,635
[casey_]: don't realize this either but if if
if a home is owned by an active

428
00:17:34,695 --> 00:17:42,373
[casey_]: duty military person who is who is
deployed that home cannot be for closed on

429
00:17:43,025 --> 00:17:43,331
[travis_winfield]: correct

430
00:17:43,135 --> 00:17:45,221
[casey_]: i mean it's not it

431
00:17:45,238 --> 00:17:45,684
[travis_winfield]: hm

432
00:17:45,281 --> 00:17:45,783
[casey_]: just doesn't

433
00:17:46,554 --> 00:17:46,734
[travis_winfield]: it's a

434
00:17:46,786 --> 00:17:46,948
[casey_]: there's

435
00:17:46,814 --> 00:17:47,055
[travis_winfield]: simple

436
00:17:46,989 --> 00:17:47,090
[casey_]: not

437
00:17:47,115 --> 00:17:47,416
[travis_winfield]: relate

438
00:17:47,131 --> 00:17:47,435
[casey_]: a court

439
00:17:47,576 --> 00:17:48,558
[travis_winfield]: at yeah just like

440
00:17:48,509 --> 00:17:48,611
[casey_]: act

441
00:17:48,598 --> 00:17:52,687
[travis_winfield]: they can't just like they can't overcharge
you on interest while you're deployed there's a

442
00:17:52,828 --> 00:17:54,972
[travis_winfield]: lot of fact does a great bill
by the way they got passed

443
00:17:55,555 --> 00:17:59,081
[casey_]: correct i agree because you know at
the end of the day the militaries are

444
00:17:59,161 --> 00:18:04,149
[casey_]: backbone and the only reason we have
anything because their ability to defend what we

445
00:18:04,269 --> 00:18:05,531
[casey_]: do own and keep

446
00:18:05,598 --> 00:18:06,144
[travis_winfield]: hm

447
00:18:05,732 --> 00:18:10,827
[casey_]: others from coming in and taking itself
with that being said the i feel like

448
00:18:10,887 --> 00:18:18,469
[casey_]: a little bit of financial just financial
what about understanding or

449
00:18:18,574 --> 00:18:18,715
[travis_winfield]: yeah

450
00:18:18,910 --> 00:18:19,331
[casey_]: or or

451
00:18:19,664 --> 00:18:20,044
[travis_winfield]: financial

452
00:18:19,892 --> 00:18:20,012
[casey_]: big

453
00:18:20,145 --> 00:18:20,626
[travis_winfield]: literacy

454
00:18:20,293 --> 00:18:20,453
[casey_]: wood

455
00:18:20,686 --> 00:18:21,307
[travis_winfield]: is what i call

456
00:18:21,375 --> 00:18:21,743
[casey_]: correct

457
00:18:21,447 --> 00:18:25,656
[travis_winfield]: i call financial literacy just being understanding
and like i tell people all the time

458
00:18:25,676 --> 00:18:29,414
[travis_winfield]: there's i call this the three pillars
of financial health first

459
00:18:29,296 --> 00:18:29,357
[casey_]: ay

460
00:18:29,534 --> 00:18:33,681
[travis_winfield]: one is keep how to keep and
maintain good credit or get and maintain good

461
00:18:33,741 --> 00:18:35,985
[travis_winfield]: credit because credits like money in the
bank right

462
00:18:36,485 --> 00:18:36,608
[casey_]: yep

463
00:18:36,526 --> 00:18:39,511
[travis_winfield]: if if you don't have good credit
you can't leverage o p m we all

464
00:18:39,551 --> 00:18:44,242
[travis_winfield]: know opium is other people's money and
that's what we need second piece is investing

465
00:18:45,024 --> 00:18:45,224
[travis_winfield]: that's

466
00:18:45,115 --> 00:18:45,257
[casey_]: yep

467
00:18:45,264 --> 00:18:48,971
[travis_winfield]: something that i never got taught like
i was all just shove your shove your

468
00:18:49,011 --> 00:18:52,156
[travis_winfield]: money under your mattress then you'll be
good but you actually lose

469
00:18:51,963 --> 00:18:52,003
[sebastian_winfield]: hm

470
00:18:52,236 --> 00:18:54,240
[travis_winfield]: money if you do that so like
it's

471
00:18:54,515 --> 00:18:54,977
[casey_]: would have lost

472
00:18:54,941 --> 00:18:55,061
[travis_winfield]: such

473
00:18:55,058 --> 00:18:55,380
[casey_]: eighteen

474
00:18:55,121 --> 00:18:55,141
[travis_winfield]: a

475
00:18:55,481 --> 00:18:56,628
[casey_]: per cent just this year

476
00:18:57,424 --> 00:18:57,985
[travis_winfield]: exactly

477
00:18:57,904 --> 00:18:58,470
[sebastian_winfield]: hm

478
00:18:58,065 --> 00:19:01,110
[travis_winfield]: so like i just tell people like
look just that one night a month that

479
00:19:01,170 --> 00:19:05,738
[travis_winfield]: you normally go out and party throw
that into a fucking h so kind of

480
00:19:05,705 --> 00:19:05,887
[casey_]: yeah

481
00:19:05,798 --> 00:19:10,766
[travis_winfield]: interest bearing interest bearing investment account by
the time sixty seven you'll be a millionaire

482
00:19:10,966 --> 00:19:11,607
[travis_winfield]: i mean it's not

483
00:19:11,736 --> 00:19:11,881
[casey_]: right

484
00:19:11,748 --> 00:19:15,554
[travis_winfield]: rock is science but people don't see
the long term effect of it of course

485
00:19:15,614 --> 00:19:19,480
[travis_winfield]: the third pillow is real estate because
real estate's one of the few tangible assets

486
00:19:19,520 --> 00:19:22,597
[travis_winfield]: you can touch and feel that appreciate
over time versus depreciate

487
00:19:23,657 --> 00:19:24,724
[casey_]: it holds everything together

488
00:19:24,467 --> 00:19:24,488
[travis_winfield]: a

489
00:19:25,166 --> 00:19:25,569
[casey_]: it's like the

490
00:19:25,554 --> 00:19:25,595
[travis_winfield]: it

491
00:19:25,609 --> 00:19:25,811
[casey_]: glue

492
00:19:25,635 --> 00:19:25,817
[travis_winfield]: does

493
00:19:25,964 --> 00:19:26,129
[sebastian_winfield]: yeah

494
00:19:26,706 --> 00:19:26,786
[casey_]: so

495
00:19:27,506 --> 00:19:27,586
[travis_winfield]: now

496
00:19:27,533 --> 00:19:27,836
[casey_]: um

497
00:19:27,606 --> 00:19:31,018
[travis_winfield]: there's so many other things you could
do but those are the basic foundations of

498
00:19:31,078 --> 00:19:31,961
[travis_winfield]: financial health right

499
00:19:32,665 --> 00:19:37,893
[casey_]: yep that's exactly right so sebastian tell
us how you've implemented those and what what

500
00:19:38,094 --> 00:19:42,662
[casey_]: your ultimate obviously your ultimate goal is
at the end like what are we focused

501
00:19:42,782 --> 00:19:43,904
[casey_]: on say ten years from now

502
00:19:44,830 --> 00:19:45,731
[sebastian_winfield]: yeah absolutely

503
00:19:45,245 --> 00:19:45,426
[casey_]: yeah

504
00:19:46,412 --> 00:19:51,260
[sebastian_winfield]: so so pretty much what travis just
kind of alluded to those three pillars i

505
00:19:51,321 --> 00:19:55,467
[sebastian_winfield]: mean he's been hammering that into my
head over the last few years um you

506
00:19:55,508 --> 00:19:59,154
[sebastian_winfield]: know and surround by we've surrounded ourselves
with a lot of great people that i've

507
00:19:59,174 --> 00:20:03,120
[sebastian_winfield]: been able to learn from so yeah
i mean obviously credit was a big thing

508
00:20:03,361 --> 00:20:06,546
[sebastian_winfield]: i got i got my first credit
card you know when i got my first

509
00:20:06,586 --> 00:20:10,011
[sebastian_winfield]: job at six teams because i got
my license i wouldn't go my job um

510
00:20:10,251 --> 00:20:15,657
[sebastian_winfield]: you know started got a credit card
started you know literally just small purchases paying

511
00:20:15,697 --> 00:20:19,102
[sebastian_winfield]: that thing off every month um and
then i started moving

512
00:20:19,065 --> 00:20:19,227
[travis_winfield]: yeah

513
00:20:19,142 --> 00:20:23,609
[sebastian_winfield]: into saving just building up a saving
so you know i kind of follow like

514
00:20:23,629 --> 00:20:27,596
[sebastian_winfield]: the dave ramsey model in a way
you know having that emergency fund you know

515
00:20:27,736 --> 00:20:31,741
[sebastian_winfield]: three to six months of reserves um
just to pay the bills and everything so

516
00:20:31,841 --> 00:20:36,505
[sebastian_winfield]: once i got that all set up
and also no revolving debt that was another

517
00:20:36,545 --> 00:20:40,509
[sebastian_winfield]: thing i forgot to mention you know
do not hold revolving debt try your best

518
00:20:40,629 --> 00:20:45,917
[sebastian_winfield]: not to you know it's really easy
especially our military you know they get these

519
00:20:45,957 --> 00:20:50,785
[sebastian_winfield]: credit cards start racking stuff up and
it's super easy to get underwater real quickly

520
00:20:51,005 --> 00:20:55,452
[sebastian_winfield]: the way those credit cards and stuff
wrack up in so having an overvolving debt

521
00:20:55,493 --> 00:21:00,721
[sebastian_winfield]: and then that once you have that
piece cleared moving into keeping that emergency fund

522
00:21:00,841 --> 00:21:04,367
[sebastian_winfield]: built and then from there once you
have a good savings and a good nestteg

523
00:21:04,427 --> 00:21:07,853
[sebastian_winfield]: to sit on a little bit of
ash that's when i started rolling into the

524
00:21:07,893 --> 00:21:12,381
[sebastian_winfield]: investing piece um i just opened up
and i opened up a tdmaritrade account when

525
00:21:12,421 --> 00:21:18,492
[sebastian_winfield]: i was eighteen and just literally my
thing is i love the five hundred i

526
00:21:18,552 --> 00:21:25,521
[sebastian_winfield]: mean that's what i dump a lot
of my money in index funds and and

527
00:21:25,581 --> 00:21:30,629
[sebastian_winfield]: then five pretty much five stocks that
i use and trust in you know apple

528
00:21:31,190 --> 00:21:34,916
[sebastian_winfield]: quali com five different know pretty big
companies that i have

529
00:21:35,015 --> 00:21:35,236
[casey_]: yeah

530
00:21:35,056 --> 00:21:36,579
[sebastian_winfield]: belief in that i use their products

531
00:21:36,181 --> 00:21:36,342
[casey_]: sure

532
00:21:37,140 --> 00:21:38,863
[sebastian_winfield]: you know um and then real

533
00:21:38,795 --> 00:21:38,960
[casey_]: yes

534
00:21:38,903 --> 00:21:42,268
[sebastian_winfield]: estate once i was able once i
was in a position i bought my first

535
00:21:42,309 --> 00:21:46,475
[sebastian_winfield]: place at nineteen um lived in it
for for about a year re finance and

536
00:21:46,495 --> 00:21:49,666
[sebastian_winfield]: then moved out and rented that thing
out so cash flowing on it

537
00:21:49,639 --> 00:21:53,485
[casey_]: well and the other benefit of the
re finance too is is the fact that

538
00:21:53,946 --> 00:21:56,670
[casey_]: your basically a you don't have to
pay taxes on it b

539
00:21:56,878 --> 00:21:57,390
[sebastian_winfield]: hm

540
00:21:57,011 --> 00:22:00,056
[casey_]: are doing what travis said o p
and other people's money

541
00:22:00,071 --> 00:22:00,215
[sebastian_winfield]: yep

542
00:22:00,714 --> 00:22:01,344
[travis_winfield]: yeah

543
00:22:00,777 --> 00:22:05,044
[casey_]: um is just a lot and basically
you're you're essentially just selling it to the

544
00:22:05,085 --> 00:22:09,011
[casey_]: bank for for really lack of a
better explanation i guess thet's really

545
00:22:08,875 --> 00:22:08,936
[travis_winfield]: m

546
00:22:09,031 --> 00:22:11,956
[casey_]: what you're doing you're just selling it
through an appraisal to the bank and

547
00:22:11,904 --> 00:22:12,046
[travis_winfield]: ye

548
00:22:11,996 --> 00:22:12,156
[casey_]: then

549
00:22:12,051 --> 00:22:12,195
[sebastian_winfield]: yep

550
00:22:12,337 --> 00:22:16,423
[casey_]: saying hey i'll manage it so um
but i mean that's man like all of

551
00:22:16,484 --> 00:22:21,913
[casey_]: that that lives up to the whole
this whole financial literacy kind of token that's

552
00:22:21,973 --> 00:22:24,617
[casey_]: at the end of the there so
um

553
00:22:24,408 --> 00:22:24,512
[travis_winfield]: yes

554
00:22:25,198 --> 00:22:30,367
[casey_]: but now i want to hear just
a little bit about you're all and raising

555
00:22:30,467 --> 00:22:35,967
[casey_]: capital because because you've raised capital right
for for outside deals other people's money

556
00:22:36,974 --> 00:22:40,115
[travis_winfield]: either or not i've always boot strapped
everything i've done and

557
00:22:40,007 --> 00:22:40,211
[casey_]: okay

558
00:22:40,857 --> 00:22:47,186
[travis_winfield]: so you know i'm actually very much
more of a conservative investor then you know

559
00:22:47,226 --> 00:22:50,291
[travis_winfield]: because like for example my real estate
business there's lots of different ways to do

560
00:22:50,371 --> 00:22:53,136
[travis_winfield]: it and i do plan to get
into the multi units and out of state

561
00:22:53,176 --> 00:22:54,077
[travis_winfield]: and stuff like that but up

562
00:22:54,027 --> 00:22:54,047
[casey_]: a

563
00:22:54,137 --> 00:23:00,087
[travis_winfield]: to now i've played the game of
buying primary resident living for two years moving

564
00:23:00,508 --> 00:23:02,732
[travis_winfield]: but i you know you know freeing
up my va

565
00:23:02,725 --> 00:23:02,887
[casey_]: yep

566
00:23:02,812 --> 00:23:05,977
[travis_winfield]: lon buying another one and i keep
them and i built them up that way

567
00:23:06,057 --> 00:23:09,743
[travis_winfield]: and i owned like three properties at
that time and then just recently i liquid

568
00:23:09,904 --> 00:23:11,257
[travis_winfield]: and everything um

569
00:23:11,285 --> 00:23:11,647
[casey_]: got ya

570
00:23:12,024 --> 00:23:12,725
[travis_winfield]: you know and just

571
00:23:12,592 --> 00:23:12,914
[casey_]: and that's

572
00:23:12,765 --> 00:23:12,986
[travis_winfield]: because

573
00:23:12,954 --> 00:23:13,256
[casey_]: what you're

574
00:23:13,247 --> 00:23:13,267
[travis_winfield]: i

575
00:23:13,296 --> 00:23:13,517
[casey_]: looking

576
00:23:13,407 --> 00:23:13,527
[travis_winfield]: saw

577
00:23:13,557 --> 00:23:13,638
[casey_]: to

578
00:23:13,668 --> 00:23:13,728
[travis_winfield]: the

579
00:23:13,678 --> 00:23:14,100
[casey_]: deploy

580
00:23:13,768 --> 00:23:16,795
[travis_winfield]: writing i always help you when you
seven start seeing real start selling their ship

581
00:23:16,855 --> 00:23:17,497
[travis_winfield]: that should be a clue

582
00:23:19,295 --> 00:23:23,341
[casey_]: you're exactly right because once you because
because that means like a lot of

583
00:23:23,289 --> 00:23:23,310
[sebastian_winfield]: m

584
00:23:23,381 --> 00:23:26,827
[casey_]: times i know at least with myself
the ears are on the ground all the

585
00:23:26,867 --> 00:23:27,528
[casey_]: time listening

586
00:23:27,804 --> 00:23:27,824
[travis_winfield]: m

587
00:23:27,929 --> 00:23:32,056
[casey_]: and and you're always listening for that
rumble that's way off and and you try

588
00:23:32,156 --> 00:23:36,022
[casey_]: to you know you try to the
more you ignore it the worse it's going

589
00:23:36,063 --> 00:23:37,265
[casey_]: to be um

590
00:23:37,142 --> 00:23:37,674
[travis_winfield]: hm

591
00:23:37,725 --> 00:23:40,650
[casey_]: and so yeah like you said when
you start seeing real set agents selling their

592
00:23:40,710 --> 00:23:46,335
[casey_]: stuff you better you better heed the
warning beau i mean something something doesn't just

593
00:23:46,415 --> 00:23:51,181
[casey_]: exactly check off but at the same
time i think us rilters real estate agents

594
00:23:51,802 --> 00:23:56,048
[casey_]: are a little bit i don't want
to say like we're not that far separated

595
00:23:56,088 --> 00:23:57,651
[casey_]: from o eight and and

596
00:23:57,651 --> 00:23:58,224
[travis_winfield]: hm

597
00:23:57,971 --> 00:24:02,439
[casey_]: that whole fiasco now i got started
in o seven so i witnessed it first

598
00:24:02,499 --> 00:24:06,686
[casey_]: hand went through it didn't really have
a lot to lose at the time but

599
00:24:06,826 --> 00:24:10,011
[casey_]: went through it nevertheless and saw and
that's what i was going to tell you

600
00:24:10,051 --> 00:24:12,976
[casey_]: know when when some of these folks
these guys were deployed

601
00:24:12,735 --> 00:24:12,876
[travis_winfield]: yeah

602
00:24:13,778 --> 00:24:17,824
[casey_]: and they weren't able to full close
on the house here they like we

603
00:24:17,829 --> 00:24:17,850
[sebastian_winfield]: m

604
00:24:18,846 --> 00:24:22,632
[casey_]: we had a neighborhood with like let's
just say a hundred houses fifty on each

605
00:24:22,713 --> 00:24:27,521
[casey_]: side right you had eighty percent of
them were vacant ten percent of them were

606
00:24:27,581 --> 00:24:30,185
[casey_]: renting from somebody and the othe ten

607
00:24:30,061 --> 00:24:30,594
[travis_winfield]: hm

608
00:24:30,305 --> 00:24:35,434
[casey_]: percent were owners that just so happened
to not be deployed or were local just

609
00:24:35,674 --> 00:24:37,477
[casey_]: regular local people that that had to
have me were

610
00:24:37,405 --> 00:24:37,465
[travis_winfield]: hm

611
00:24:37,497 --> 00:24:39,040
[casey_]: to live and so it was really

612
00:24:38,913 --> 00:24:38,934
[travis_winfield]: m

613
00:24:39,080 --> 00:24:42,486
[casey_]: just a nasty nasty site and i
feel like if some of them guys had

614
00:24:42,566 --> 00:24:47,294
[casey_]: just had a little financial literacy teaching
um not saying we wouldn't have been there

615
00:24:47,434 --> 00:24:51,060
[casey_]: because there still would have ben a
lot of vacancies due to not being rented

616
00:24:51,460 --> 00:24:55,369
[casey_]: but i feel like there would have
been a less ownership and a lot less

617
00:24:55,429 --> 00:24:58,077
[casey_]: people who got four clothes on as
soon as their boots hit the ground back

618
00:24:58,117 --> 00:24:58,659
[casey_]: in the u s

619
00:24:59,454 --> 00:24:59,474
[travis_winfield]: a

620
00:24:59,521 --> 00:24:59,661
[casey_]: so

621
00:24:59,534 --> 00:25:03,000
[travis_winfield]: lot of a lot of it was
the predatory lending that was going practices that

622
00:25:03,020 --> 00:25:04,041
[travis_winfield]: were going on back to the nome

623
00:25:03,918 --> 00:25:04,363
[casey_]: and that's why

624
00:25:04,302 --> 00:25:04,322
[travis_winfield]: i

625
00:25:04,443 --> 00:25:04,665
[casey_]: i say

626
00:25:04,703 --> 00:25:04,763
[travis_winfield]: one

627
00:25:04,766 --> 00:25:04,867
[casey_]: it's

628
00:25:04,843 --> 00:25:05,043
[travis_winfield]: of them

629
00:25:06,086 --> 00:25:06,250
[casey_]: yeah

630
00:25:06,125 --> 00:25:11,173
[travis_winfield]: i literally bought my first house in
virginia and o four i got and adjust

631
00:25:11,434 --> 00:25:16,577
[travis_winfield]: rate interest only low the worst product
you can possibly ever get somebody and i

632
00:25:16,657 --> 00:25:19,000
[travis_winfield]: was in there but i was i
was sucked in i'm like oh i can

633
00:25:19,200 --> 00:25:22,605
[travis_winfield]: buy a house that s only four
hunder dollars a month done right

634
00:25:22,585 --> 00:25:22,706
[casey_]: yep

635
00:25:23,108 --> 00:25:27,676
[travis_winfield]: one year later when that faking arm
hit and all of a sudden my mortgage

636
00:25:27,696 --> 00:25:30,400
[travis_winfield]: paying from four hundred to twelve hundred
that doesn't sound like a lot but on

637
00:25:30,460 --> 00:25:36,015
[travis_winfield]: a fixed income and an active duty
military person that like ruined my world unfortunately

638
00:25:35,755 --> 00:25:35,877
[casey_]: yep

639
00:25:36,055 --> 00:25:40,528
[travis_winfield]: i got orders to go over seas
i literally sold my house no exaggeration two

640
00:25:40,548 --> 00:25:41,832
[travis_winfield]: weeks for the bubble verse six

641
00:25:43,756 --> 00:25:46,981
[casey_]: man you got lucky on that one
and i'll tell you you know the predatory

642
00:25:47,041 --> 00:25:50,828
[casey_]: lending to military it's funny you say
that there's a there's a story that goes

643
00:25:50,868 --> 00:25:56,838
[casey_]: around our small town here about a
local cardealership who of course cardnalerships around military

644
00:25:56,898 --> 00:26:01,565
[casey_]: bases tend to do fairly well um
these guys go from basically having nothing or

645
00:26:01,626 --> 00:26:03,989
[casey_]: driving up a beater vehicle that's got
a

646
00:26:04,008 --> 00:26:04,614
[travis_winfield]: hm

647
00:26:04,350 --> 00:26:06,153
[casey_]: hundred million miles on it and then
now

648
00:26:06,054 --> 00:26:06,714
[travis_winfield]: yeah

649
00:26:06,233 --> 00:26:09,499
[casey_]: all of a sudden they go revolving
check coming in and they can afford a

650
00:26:10,160 --> 00:26:15,068
[casey_]: new whatever right well well the this
cardealership a new a new version of an

651
00:26:15,128 --> 00:26:20,956
[casey_]: older car had just come out military
guy walks in uh deals with the manager

652
00:26:21,257 --> 00:26:25,621
[casey_]: right manager says oh yeah you know
sells him the car right military guy goes

653
00:26:25,701 --> 00:26:31,268
[casey_]: in signs the papers sits down signs
the papers walks back out doesn't even sit

654
00:26:31,428 --> 00:26:34,153
[casey_]: down in the new car doesn't not
even sit doesn't even get in the new

655
00:26:34,213 --> 00:26:39,121
[casey_]: car goes back in and says man
i really just don't think i can afford

656
00:26:39,201 --> 00:26:43,109
[casey_]: this i swear i just i thought
about and you know what ended up happening

657
00:26:43,972 --> 00:26:47,982
[casey_]: they parked the car in the back
of the dealer ship until the bank came

658
00:26:48,022 --> 00:26:58,573
[casey_]: and picked it up and i it
makes me so blistering furiously mad just i'm

659
00:26:58,613 --> 00:27:02,599
[casey_]: just like you know here this young
nineteen year old has signed up and

660
00:27:02,628 --> 00:27:03,174
[travis_winfield]: hm

661
00:27:02,639 --> 00:27:05,664
[casey_]: this is this is during a war
time i mean we were still at war

662
00:27:05,704 --> 00:27:08,348
[casey_]: at this time so it's not like
it was just last week where everything s

663
00:27:08,408 --> 00:27:10,832
[casey_]: kind of no nearly at peace but
we're not just full on

664
00:27:10,815 --> 00:27:10,979
[travis_winfield]: right

665
00:27:11,874 --> 00:27:16,462
[casey_]: so this i was getting ready to
be deployed or whatever and it just it

666
00:27:16,482 --> 00:27:19,286
[casey_]: was just a it was just a
sick story and i was just

667
00:27:19,265 --> 00:27:19,406
[travis_winfield]: yeah

668
00:27:19,326 --> 00:27:20,248
[casey_]: like man you know

669
00:27:20,214 --> 00:27:21,024
[travis_winfield]: yeah

670
00:27:20,328 --> 00:27:23,614
[casey_]: some of these guys got to have
a little reprieve to you've got to have

671
00:27:23,634 --> 00:27:27,117
[casey_]: a little hole if you're trying to
sell these guys something it's hey i really

672
00:27:27,137 --> 00:27:30,400
[casey_]: don't want to just destroy this kid's
life right off the bat and so anyway

673
00:27:30,612 --> 00:27:30,693
[sebastian_winfield]: so

674
00:27:31,025 --> 00:27:31,168
[travis_winfield]: yeah

675
00:27:31,160 --> 00:27:36,339
[casey_]: they made their sale they got their
whatever extra bonus but you know i guess

676
00:27:36,294 --> 00:27:36,454
[travis_winfield]: i mean

677
00:27:36,461 --> 00:27:36,481
[casey_]: i

678
00:27:36,494 --> 00:27:41,502
[travis_winfield]: look the unfortunately that's you're absolutely right
being the multa for a career i've seen

679
00:27:41,583 --> 00:27:45,108
[travis_winfield]: it all i've seen the twenty five
per cent interest rates on a car loan

680
00:27:45,529 --> 00:27:48,795
[travis_winfield]: i've seen the pay day loans take
help i've even see one of the largest

681
00:27:48,955 --> 00:27:53,124
[travis_winfield]: i'll try to avoid calling out the
name but one of the largest v a

682
00:27:53,224 --> 00:28:00,008
[travis_winfield]: loan companies in the country is not
a veteran own company and literally charges and

683
00:28:00,048 --> 00:28:07,981
[travis_winfield]: origination fee to our veterans that is
not needded it's literally it's like pork fat

684
00:28:08,121 --> 00:28:11,887
[travis_winfield]: it's like extreme the one and the
veteran doesn't know better you know because

685
00:28:11,765 --> 00:28:12,032
[casey_]: oh

686
00:28:12,348 --> 00:28:15,714
[travis_winfield]: they market to the veteran and they
just say hey we're all about veterans but

687
00:28:15,774 --> 00:28:20,041
[travis_winfield]: they charge his crazy origination fee of
like one percent of the purchase price which

688
00:28:20,101 --> 00:28:21,303
[travis_winfield]: is nuts that's

689
00:28:21,816 --> 00:28:21,959
[casey_]: yep

690
00:28:22,104 --> 00:28:23,110
[travis_winfield]: most lenders don't do

691
00:28:24,876 --> 00:28:31,587
[casey_]: and they're doing it because they're they're
v quotumquote v of there now at your

692
00:28:32,028 --> 00:28:35,253
[casey_]: exactly how your about to so all
right listen guys i want to thank you

693
00:28:35,333 --> 00:28:37,977
[casey_]: all for coming on the show but
with that we've got a couple of show

694
00:28:38,458 --> 00:28:40,942
[casey_]: a couple we got a couple o
questions we ask every guest that

695
00:28:40,974 --> 00:28:41,097
[travis_winfield]: yep

696
00:28:40,982 --> 00:28:44,007
[casey_]: comes on the show first of those
questions i'd like for both of you to

697
00:28:44,068 --> 00:28:46,892
[casey_]: answer but travis i'd like for you
to go first what is the best book

698
00:28:46,932 --> 00:28:48,964
[casey_]: that you've recently read currently reading

699
00:28:49,734 --> 00:28:53,981
[travis_winfield]: well i literally just finished it and
it's of course garry garry keller and you

700
00:28:54,021 --> 00:28:56,886
[travis_winfield]: know i'm sure you know you're real
say we are going through a shift in

701
00:28:56,926 --> 00:28:58,208
[travis_winfield]: the market and so he

702
00:28:58,145 --> 00:28:58,266
[casey_]: yep

703
00:28:58,248 --> 00:29:01,393
[travis_winfield]: has a great book out that was
written in a called shift

704
00:29:02,205 --> 00:29:02,325
[casey_]: yep

705
00:29:02,334 --> 00:29:03,175
[travis_winfield]: and it

706
00:29:03,189 --> 00:29:03,732
[casey_]: absolutely

707
00:29:03,215 --> 00:29:07,202
[travis_winfield]: was just a really good book that
i mean it had some good insight that

708
00:29:07,382 --> 00:29:10,487
[travis_winfield]: the biggest thing was it affirmed me
that we were doing things right and it's

709
00:29:10,507 --> 00:29:14,995
[travis_winfield]: amazing how nothing is changed when it
comes to shifting market from two thousand eight

710
00:29:15,055 --> 00:29:18,561
[travis_winfield]: to two thousand twenty two it's all
happening right here in front of our eyes

711
00:29:18,801 --> 00:29:20,664
[travis_winfield]: so that was a great book to
be able to read and kind of

712
00:29:20,993 --> 00:29:21,136
[sebastian_winfield]: thank

713
00:29:21,045 --> 00:29:23,529
[travis_winfield]: know that we're on the track we
just got a you know winter is here

714
00:29:23,589 --> 00:29:25,593
[travis_winfield]: we just got to survive the winter
and i'll be good on the other

715
00:29:25,517 --> 00:29:25,640
[casey_]: right

716
00:29:25,633 --> 00:29:26,462
[travis_winfield]: side oh

717
00:29:26,900 --> 00:29:27,022
[sebastian_winfield]: yeah

718
00:29:27,393 --> 00:29:27,858
[casey_]: sebastian

719
00:29:28,731 --> 00:29:29,618
[sebastian_winfield]: so mines

720
00:29:29,535 --> 00:29:29,998
[casey_]: best book

721
00:29:29,901 --> 00:29:30,485
[sebastian_winfield]: not necessarily

722
00:29:30,079 --> 00:29:31,811
[casey_]: that you've recently read over colonel read

723
00:29:32,570 --> 00:29:34,894
[sebastian_winfield]: yeah so i just finished not too
long ago

724
00:29:35,195 --> 00:29:35,337
[travis_winfield]: yep

725
00:29:35,695 --> 00:29:39,501
[sebastian_winfield]: the changing world order or principles and
navigating the changing world order by raydalio

726
00:29:39,785 --> 00:29:40,067
[casey_]: uh

727
00:29:40,703 --> 00:29:41,344
[sebastian_winfield]: fantastic

728
00:29:41,154 --> 00:29:41,557
[casey_]: uh yep

729
00:29:41,444 --> 00:29:45,031
[sebastian_winfield]: book really really insightful kind of the
same thing but you know this is very

730
00:29:45,131 --> 00:29:49,952
[sebastian_winfield]: macro economic you know kind of shows
the rise and falls of the last you

731
00:29:49,992 --> 00:29:54,760
[sebastian_winfield]: know four great big empires you know
and all the similarities on what's going on

732
00:29:55,782 --> 00:29:56,724
[sebastian_winfield]: really really insightful

733
00:29:56,795 --> 00:29:56,916
[casey_]: yep

734
00:29:56,804 --> 00:30:01,051
[sebastian_winfield]: book i've been suggesting it to everyone
i'm coming across ease so he has he

735
00:30:01,092 --> 00:30:04,139
[sebastian_winfield]: has a quick has a little forty
minute video on youtube that would suggest watching

736
00:30:04,239 --> 00:30:07,367
[sebastian_winfield]: to kind of summarizes the whole book
if you're not a big reader

737
00:30:08,207 --> 00:30:13,721
[casey_]: i was on all right cool what
is travis a dream vacation that you have

738
00:30:13,761 --> 00:30:14,663
[casey_]: taken or hope to take

739
00:30:16,254 --> 00:30:20,539
[travis_winfield]: well i have two one news did
and one is coming up i just got

740
00:30:20,599 --> 00:30:22,681
[travis_winfield]: back from coast erica a couple of
months ago

741
00:30:22,689 --> 00:30:22,995
[casey_]: wight

742
00:30:22,981 --> 00:30:24,283
[travis_winfield]: it was phenomenal

743
00:30:24,985 --> 00:30:25,107
[casey_]: yep

744
00:30:25,104 --> 00:30:30,072
[travis_winfield]: and i'm taking the whole family to
kaa in march and so there was

745
00:30:30,178 --> 00:30:30,381
[casey_]: wow

746
00:30:30,312 --> 00:30:33,918
[travis_winfield]: just if there's one fundamental thing that
i think that i just want to touch

747
00:30:34,079 --> 00:30:38,488
[travis_winfield]: on is that since i've gotten into
finding sing and actually for the first time

748
00:30:38,548 --> 00:30:42,400
[travis_winfield]: my life making any kind of money
i've been down that road of getting all

749
00:30:42,440 --> 00:30:46,578
[travis_winfield]: the stuff and i can promise you
none of the stuff makes you faking happy

750
00:30:46,999 --> 00:30:47,660
[travis_winfield]: so i've just

751
00:30:47,546 --> 00:30:47,687
[casey_]: yep

752
00:30:47,700 --> 00:30:51,226
[travis_winfield]: kind of shifted my mentality where i
just really want to enjoy the journey or

753
00:30:51,406 --> 00:30:55,152
[travis_winfield]: as my son recently put it not
this or the journey but enjoy the dance

754
00:30:55,493 --> 00:30:56,117
[travis_winfield]: and that clues

755
00:30:56,105 --> 00:30:56,228
[casey_]: yep

756
00:30:56,218 --> 00:30:57,068
[travis_winfield]: a lot of experiences

757
00:30:58,095 --> 00:30:58,315
[casey_]: that's

758
00:30:58,200 --> 00:30:58,322
[sebastian_winfield]: yeah

759
00:30:58,595 --> 00:31:03,343
[casey_]: interesting from your perspective for sure because
you've seen a lot and the stuff bug

760
00:31:03,504 --> 00:31:04,806
[casey_]: bites a lot of people and

761
00:31:05,598 --> 00:31:05,660
[travis_winfield]: ah

762
00:31:05,607 --> 00:31:09,173
[casey_]: and man i've seen it it's destroyed
a lot of lives too and

763
00:31:09,174 --> 00:31:09,194
[travis_winfield]: m

764
00:31:09,233 --> 00:31:10,918
[casey_]: it's just like what for what

765
00:31:10,953 --> 00:31:10,974
[travis_winfield]: m

766
00:31:11,219 --> 00:31:15,193
[casey_]: so al right sebastian what's a dream
vacation that you've taken or hoped to take

767
00:31:15,896 --> 00:31:15,917
[travis_winfield]: i

768
00:31:15,940 --> 00:31:19,226
[sebastian_winfield]: yeah so one that i've been wanting
to do for a long time and i'm

769
00:31:19,266 --> 00:31:22,571
[sebastian_winfield]: looking into it right now is it's
a norwegian

770
00:31:22,367 --> 00:31:22,553
[casey_]: yes

771
00:31:22,691 --> 00:31:26,177
[sebastian_winfield]: fiord cruise through the through all the
it's a river cruise through all the fiords

772
00:31:26,237 --> 00:31:26,678
[sebastian_winfield]: in norway

773
00:31:27,965 --> 00:31:28,126
[casey_]: wow

774
00:31:27,980 --> 00:31:30,344
[sebastian_winfield]: it's something i've been wanting to do
for forever

775
00:31:31,436 --> 00:31:32,367
[casey_]: there isn't an all

776
00:31:32,468 --> 00:31:36,675
[sebastian_winfield]: my mom my mom side of the
families from sweden so we go to scandinavia

777
00:31:36,715 --> 00:31:41,345
[sebastian_winfield]: a bit but i've never done travel
norway before so and that's been on my

778
00:31:41,425 --> 00:31:42,628
[sebastian_winfield]: bucket list for a very long time

779
00:31:43,795 --> 00:31:47,942
[casey_]: awesome awesome good deal all right we'll
travis listen if somebody wanted to reach out

780
00:31:48,002 --> 00:31:51,387
[casey_]: to you and learn more and again
i feel like a lot of our audience

781
00:31:51,468 --> 00:31:53,831
[casey_]: is military at least military

782
00:31:53,523 --> 00:31:53,544
[travis_winfield]: m

783
00:31:53,912 --> 00:31:54,733
[casey_]: pastor present

784
00:31:54,654 --> 00:31:55,582
[travis_winfield]: yeah a

785
00:31:55,735 --> 00:31:57,609
[casey_]: is a good way for people to
reach out and get in touch with you

786
00:31:57,670 --> 00:31:57,791
[casey_]: all

787
00:31:58,554 --> 00:32:03,342
[travis_winfield]: absolutely well our website is really easy
as the winfield group dot or the winfield

788
00:32:03,402 --> 00:32:08,190
[travis_winfield]: group dot or my personal number i
have i will happily share it at six

789
00:32:08,390 --> 00:32:12,843
[travis_winfield]: one nine eight eight two nine four
or you can email us at t double

790
00:32:13,124 --> 00:32:16,354
[travis_winfield]: g at the winfield group dot org
any of those

791
00:32:16,216 --> 00:32:16,499
[casey_]: awesome

792
00:32:16,414 --> 00:32:18,097
[travis_winfield]: methods you can reach us and

793
00:32:18,245 --> 00:32:18,487
[casey_]: oh

794
00:32:18,478 --> 00:32:21,563
[travis_winfield]: and again my big passion is we're
not just your real say we want to

795
00:32:21,924 --> 00:32:27,513
[travis_winfield]: advise you in guiding you through all
different facets of of financial planning even though

796
00:32:27,533 --> 00:32:30,991
[travis_winfield]: we're not nencia advisors we can connect
you with anybody you need to know oh

797
00:32:31,093 --> 00:32:31,620
[sebastian_winfield]: hm

798
00:32:31,666 --> 00:32:37,015
[casey_]: good deal awesome and listeners as always
please head down and smash that subscribe button

799
00:32:37,175 --> 00:32:41,723
[casey_]: and leave us a review type of
review out please please please we need those

800
00:32:41,783 --> 00:32:48,013
[casey_]: reviews to continue getting our messages out
there continue sharing great content like travis and

801
00:32:48,053 --> 00:32:51,359
[casey_]: sebastian have done here today and again
guys i want to thank you all for

802
00:32:51,399 --> 00:32:54,163
[casey_]: being on the show today and listeners
i want to thank you and i hope

803
00:32:54,244 --> 00:32:55,935
[casey_]: everybody have wonderful rest of the day

804
00:32:56,924 --> 00:32:57,469
[travis_winfield]: thanks for having us

805
00:32:57,430 --> 00:32:57,511
[sebastian_winfield]: and

806
00:32:57,490 --> 00:32:57,732
[travis_winfield]: casey

807
00:32:57,572 --> 00:32:58,238
[sebastian_winfield]: you appreciate it

808
00:32:58,525 --> 00:32:58,893
[casey_]: yes sir